Senior Cost Controls Specialist

McDermott; Squamish; On-site; CAD 150,000 - 191,000; Full time

Job summary

An established industry player is seeking a Senior Cost Controls Specialist to enhance their costing discipline. This role involves leveraging expertise to solve complex problems and improve operational efficiency. Responsibilities include implementing project controls systems, analyzing cost forecasting, and training junior staff. The ideal candidate will have a strong background in finance or engineering and a proven ability to manage multiple tasks effectively. Join a dynamic team where your contributions will directly impact project success and operational excellence.

Qualifications

• 7-10 years of experience in cost control roles.
• Good working knowledge of cost, schedule, estimating, and accounting interfaces.

Responsibilities

• Implement project controls systems and maintain reports.
• Analyze cost forecasting and recommend solutions for problem areas.
• Train junior personnel in cost reporting.

Skills

Problem-solving

Coordination skills

Cost management

Schedule understanding

Multi-tasking

Education

Bachelor’s degree in Business

Bachelor’s degree in Finance

Bachelor’s degree in Engineering

Bachelor’s degree in Construction Management

Tools

MS Office

JD Edwards

Job description

Job Overview:

The Senior Cost Controls Specialist uses best practices and knowledge of internal or external issues to improve the costing discipline within McDermott. They will act as a resource for colleagues with less experience and share their conceptual and practical expertise related to the cost discipline. The Senior Cost Controls Specialist solves complex problems and uses their discipline-specific knowledge to improve their products or services. The Senior Cost Controls Specialist impacts a range of customer, operational, project, or service activities.

Base Salary Range: $109,500 – 138,500 (The range provided is for base salary only. In addition, McDermott offers a competitive total rewards package, including annual bonuses)

Qualifications

Essential Qualifications and Education:

• Bachelor’s degree in Business, Finance, Engineering, Construction Management, or related fields
• 7-10 years of experience in a similar role
• Good knowledge of MS Office
• Problem-solving attitude and high level of coordination skills
• Ability to understand the project scope, schedule, and its relationship to cost and progress
• Demonstrated effectiveness in prioritizing multiple tasks, and managing efforts to meet deadlines
• Demonstrated effectiveness in working with others in a multifunctional team
• Has good working knowledge and understanding of cost, schedule, estimating, and accounting interfaces

Preferred Qualifications and Education:

• A basic understanding of JD Edwards is a plus

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Responsibilities

Key Tasks and Responsibilities:

• Understands constructability concepts, workflow processes (the how it’s built) & related interdependencies between Engineering, Procurement, Fabrication, and Construction
• Able to understand and apply contractual requirements and implementation on the project via the project controls execution plan
• Set up and implement project controls systems
• Set up and maintain project controls reports
• Adheres to McDermott's internal project controls processes
• Analyze and interpret cost forecasting and trending
• Recommend solutions or recovery plans for problem areas
• Prepare Project Forecast monthly
• Assist finance in preparation of the project cash flows and cost spread
• Participate in proposal development, commercial alignment, and project kickoff processes
• Train junior personnel in all aspects of cost reporting
• Monitor variations from the scope of work, capture, maintain, and assess related impacts
• Set up and maintain the progress measurement system
• Lead change management efforts, including building of cost estimates and applying or managing amendments to the contract
• Implement and support the Change Management process
• Support the Subcontract Management team in verification of progress and earned value against invoices received
• Support determining the required monthly accruals that are processed by accounts payable
• Monitor cost coding system is properly applied, and information flow is correct and complete
• Analyze committed costs and activities to date, actual vs budget, performance, and productivity
• Perform any other related duties as required